FDI in Bulgaria in January-July 2021 was 630.4M euro

Written by on September 17, 2021 in Bulgaria - Comments Off on FDI in Bulgaria in January-July 2021 was 630.4M euro
a fanned-out sheaf of euro notes

Foreign direct investment in Bulgaria in the first seven months of 2021 stood at 630.4 million euro, the equivalent of one per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 17.

In the same period of 2020, FDI was 1.74 billion euro, but the original amount reported by BNB last year was 1.41 billion euro, which was revised upward later.

Investment in equity, including in the real estate sector, showed an outflow of 15.5 million euro (compared to an inflow of 171.5 million euro in January-July 2020) and re-invested earnings amounted to 1.05 billion euro, compared to 609.1 million euro in the same period of last year.

Net receipts from real estate investments by foreign companies recorded an outflow of 2.7 million euro in the first seven months of 2021, compared to an outflow of 1.1 million euro during the same period of last year.

The central bank data showed 399.7 million euro in investment outflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to inflows of 958.2 million euro in the first seven months of 2020. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-July 2021 came from Luxembourg (457.9 million euro), the Netherlands (253.8 million euro) and Germany (120.4 million euro). Notable net outflows were recorded towards the Czech Republic (-238.5 million euro) and Switzerland (-160.6 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 35.7 million euro in January-July, compared to 113.4 million euro in the same period of last year, BNB said.

(Photo: takis kolokotronis/sxc.hu)

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